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Tag: investment risk

Randal Nardone is one of the financial experts that have been on the lead in the transformation of Fortress Investment Group and the entire investment management industry globally. Being an alumnus of the school of law at the Boston University, many could have thought that Randal was very contented with the achievement of being a lawyer. However, deep inside his heart, Randal Nardone felt that he had a lot more than was awaiting him to achieve. This made him transition his career and pursued a Bachelors of Arts in English and Biology. After completion of his education, Nardone joined Thacher Proffitt & Wood Corporation where he kicked off his professional career journey.

At Thacher, Randal was promoted to become a senior member of the organization before transferring to the Union Bank of Switzerland. Here Randal operated at different positions and dockets which saw him rise the hierarchy. However, Randal Nardone was never satisfied with the achievements that he had made in his career He believed that there were more opportunities that he could explore in life to ensure that he achieves his goals and objectives.

This made him start Fortress Investment Group, in partnership with other investment moguls that shared a common dream as Randal. These gentlemen, Wesley Edens and Rob Kauffman, had also been in top-shelf employments but still felt that they needed to do more with their knowledge and experience other than only serving their employers. After the formation of this investment management firm, Fortress Group, their dreams started actualizing immediately. The company exploded in success by the rapid growth that it experienced. This made the founders feel more motivated and felt the urge to transform the company from just a private equity firm to a more advanced investment management organization. The organization would incorporate other investment strategies in its portfolio to diversify it so that they could minimize the investment risk associated with investing in one class of assets.